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The Fundamentals of a Country's ________ System Remain the Best

question 5

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The fundamentals of a country's ________ system remain the best predictor of cost and efficiency.


Definitions:

Simple Structure

An organizational framework characterized by minimal hierarchical levels and straightforward, clear lines of authority and communication.

Organizational Growth

The process of an organization enlarging or expanding its operations, activities, and impact.

Diversification

A strategy of reducing risk by owning a variety of investments or business operations across different industries or categories.

Mechanistic Structures

Describes organizational forms that are highly bureaucratic, with strict rules, procedures, and a clear hierarchy of authority.

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